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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: peter matson who wrote (21100)	6/19/1999 12:26:00 PM
From: teevee	Respond to of 26850

peter, I see the short position as positive.......shorts would like to cover at a lower price but WILL have to cover in any case....institutional money would like to get a position for a cheap as possible, and with the confirmatory nature of the results, I think we will now see buying come in from the "big players".......there should be lots of liquidity for small retail players...... regards, teevee

To: peter matson who wrote (21100)	6/19/1999 12:35:00 PM
From: james flannigan	Read Replies (1) \| Respond to of 26850

FACTS re D-Bank report by George Albino.Our opinion indicates that 301 pr t will not be matained.The main focus would the shift to the valuations.AS long as the valuation comes in over US$170 the IRR would indicate a mine,however if the grade increases from 1.1ct pt the threshold valuation would drop to US$150.... we have GRADE AT 1.8 AND VALUATIONS AT US$184. This is twice as rich as DIA METS pipe.Congradulations are in order to WSP, They have delivered and exceded the goods once again.WE are moving closer to a mine day after day.I supect the stock will sell off monday like it did when the micro data was released due to misunderstanding, aftre that we may see new highs James